Budgeted material purchases and payments to suppliers
On January 1 of the current period,Gotham Corporation has direct materials on hand of $82,000.Of this amount,Gotham owes suppliers $51,000 on account.The company has prepared the following budget estimates for January:
(a)Purchases of direct materials budgeted in January amount to: $________
(b)Cash payments to suppliers budgeted in January amount to: $________
Computations

Question

Budgeted material purchases and payments to suppliers
On January 1 of the current period,Gotham Corporation has direct materials on hand of $82,000.Of this amount,Gotham owes suppliers $51,000 on account.The company has prepared the following budget estimates for January:
  (a)Purchases of direct materials budgeted in January amount to: $________
(b)Cash payments to suppliers budgeted in January amount to: $________
Computations

Quizplus · Accepted Answer

The Answer of Budgeted material purchases and payments to suppliers
On January 1 of the current period,Gotham Corporation has direct materials on hand of $82,000.Of this amount,Gotham owes suppliers $51,000 on account.The company has prepared the following budget estimates for January:
  (a)Purchases of direct materials budgeted in January amount to: $________
(b)Cash payments to suppliers budgeted in January amount to: $________
Computations

Budgeted Material Purchases and Payments to Suppliers